Putin will use the trip to boost his country’s agreements with key oil-producing states.
OPEC+, a cartel of petrostates which includes Russia, the UAE, and Saudi Arabia, recently said it would deepen voluntary oil output cuts in a bid to boost the oil market.
The Russian president’s visit to the UAE comes as the nation hosts COP28, a global U.N. conference geared at addressing human-caused climate change. Putin will not travel to the summit, which is being held in Dubai.
Source: https://www.semafor.com/article/12/06/2023/putin-arrives-uae-oil-talks